ENTREPRENEUR: Carmen Lindner
PITCH: Gotta Have S'More
ASKING FOR: $75k for a 25% stake
BEST PART OF THE PITCH: Carmen loves s'mores, but she doesn't like camping. That's why she invented the s'muffin. It's a s'more in the shape of a mini-muffin. She has $250,000 in sales over the past two and a half years within the local L.A. market. A few specialty stores currently carry her product. She just started shipping these items at a high price.
DO THE SHARKS BITE? Kevin thinks the cost of shipping the s'muffins is crazy, so he's out right away. Mark believes Carmen is so in love with her s'muffins, that she can't see the dollars from the marshmallows. He's out. Robert says the s'muffins are good, but her business strategy is not. He's out. Daymond follows his lead. Barbara didn't actually care for the s'muffin, so she's out. Hopefully, Carmen will have s'more luck outside the tank.
In Season Three, Donny McCall failed to get a deal for his collapsible truck rack. Since his appearance in the tank, he had $75,000 in sales in three months. He could have made more, but he ran out of inventory. He signed a licensing deal with a company in Iowa so he can mass produce the clever product he invented in his garage.